Annual Report 2019

090 Transport International Holdings Limited 2019 Annual Report Financial Review China Mainland Transport Operations The Group’s China Mainland Transport Operations Division reported a profit after taxation of HK$21.5 million for 2019, representing a decrease of HK$2.3 million or 9.7% compared with HK$23.8 million for 2018. As at 31 December 2019, the Group’s total interests in associates within the China Mainland Transport Operations Division amounted to HK$606.9 million (2018: HK$610.9 million). Such investments are mainly related to the operation of public transport services in Shenzhen, and taxi and car rental services in Beijing. Number of Licensed Buses at 31 December KMB LWB Non-franchised bus services 4,800 3,600 2,400 1,200 0 2015 2016 2017 2018 2019 Number of buses Number of Staff at 31 December KMB LWB Non-franchised bus services 16,000 12,000 8,000 4,000 0 2015 2016 2017 2018 2019 Number of staff Average Number of Passenger Trips per Day (Franchised public bus operations) KMB LWB 3,200 2,400 1,600 800 0 2015 2016 2017 2018 2019 Thousand of passenger trips per day Bus Kilometres Operated (Franchised public bus operations) KMB LWB 360 270 180 90 0 2015 2016 2017 2018 2019 Million kilometres Summary of Investments in China Mainland Transport Operations as at 31 December 2019 Shenzhen Beijing Nature of business Bus and taxi hire services Taxi and car rental services Form of business structure Sino-foreign joint stock company Sino-foreign joint stock company Operation commenced January 2005 April 2003 The Group’s investment cost (RMB million) 387 80 The Group’s effective interest 35% 31.38% Fleet size at year-end 2019 (Number of vehicles) 11,599 4,956 Bus passenger volume (Million trips) 581 N/A Bus kilometres travelled (Million km) 386 N/A Staff number at year-end 2019 23,801 4,303